Sanjay Malhotra, the current Revenue Secretary at the Ministry of Finance, has been appointed as the new Governor of the Reserve Bank of India (RBI). His tenure will begin on December 11, 2024, and last for three years.
A 1990-batch IAS officer from the Rajasthan cadre, Malhotra is an Engineering graduate from IIT Kanpur and holds a Master’s degree in Public Policy from Princeton University. He has held various key positions across sectors such as finance, taxation, power, information technology, and mines. As Revenue Secretary, he has been pivotal in formulating tax policies.
Malhotra succeeds Shaktikanta Das, who has completed a successful six-year term as the RBI Governor. Das, recognized for his leadership during critical times, will conclude his term on December 10, 2024.
